Welcome to our dedicated page for Acme United news (Ticker: ACU), a resource for investors and traders seeking the latest updates and insights on Acme United stock.
Acme United Corporation reports developments tied to its safety products and cutting technology business for school, home, office, hardware, sporting goods and industrial markets. The company sells first aid and medical products, scissors, shears, knives, rulers, sharpening tools and spill-control products through retail, e-commerce, industrial and wholesale channels across U.S., Canada and Europe segments.
Recurring ACU news includes quarterly financial results, segment sales trends, cost and tariff commentary, common-stock dividends, acquisitions and brand updates. Company updates also cover products and brands such as First Aid Only, PhysiciansCare, Spill Magic, Westcott, Clauss, DMT, Med-Nap, Elite First Aid and My Medic, including My Medic's tactical, trauma and emergency response products sold primarily through direct-to-consumer channels.
Acme United Corporation (ACU) will present at the Sidoti & Company Virtual Microcap Conference on November 19, 2020, from 10:45 AM to 11:15 AM ET. The company’s Chairman and CEO, Walter Johnsen, will also hold one-on-one meetings with institutional investors throughout the day. The presentation will be broadcast live and can be accessed via the company website.
Acme United Corporation (NYSE American: ACU) reported a strong third-quarter performance for 2020, with net sales of $43.3 million, up 17% from $37 million in Q3 2019. Year-to-date sales reached $123.1 million, a 13% increase. The acquisition of First Aid Central contributed approximately $1.2 million in sales this quarter. Net income rose 49% to $1,579,000, or $0.46 per share. Notably, U.S. sales increased 12%, boosted by first aid products, while European sales surged 35%. However, gross margin dropped to 34.5% due to COVID-19 related costs.
Acme United Corporation (NYSE American: ACU) will announce its Third Quarter 2020 financial results on October 21, 2020, at 9:00 a.m. EDT. Following the results, a conference call for discussion and Q&A will take place at 12:00 p.m. EDT. Interested parties can participate by dialing 800-353-6461 or 334-323-0501 for international calls. The live webcast will also be available on their Investor Relations page. Acme United offers a range of innovative safety and cutting solutions under brands like First Aid Only and Westcott.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 12 cents per share on its outstanding common stock. The dividend payment date is set for October 22, 2020, with the record date on October 1, 2020. Acme United is a prominent supplier of safety solutions and cutting technology, catering to various markets with brands such as First Aid Only® and Westcott®. This dividend reflects the company's commitment to returning value to shareholders while maintaining a strong market presence.
Acme United Corporation (NYSE American: ACU) reported a 9% increase in net sales for Q2 2020, totaling $44.0 million, compared to $40.2 million in Q2 2019. For the first half of the year, net sales rose 11% to $79.8 million. Net income also improved by 20% to $3.2 million or $0.92 per diluted share. Strong demand for first aid products, partly driven by COVID-related sales, offset declines in traditional product lines. However, Canadian sales were hit hard, declining 44% in Q2 due to office closures. Acme United also secured a $3.5 million loan from the Paycheck Protection Program to support payroll.
Acme United Corporation (NYSE American: ACU) is set to release its financial results for Q2 2020 on July 17, 2020, at 9:00 a.m. EDT. A conference call will follow at 12:00 p.m. EDT, allowing investors to discuss the results. The call can be accessed by dialing 800-437-2398 or 323-289-6576 for international callers. The company offers a range of innovative safety solutions and cutting technology for various markets, with popular brands including First Aid Only, Pac-Kit, and Camillus.
The Board of Directors of Acme United Corporation (NYSE American: ACU) has declared a cash dividend of 12 cents per share on its common stock. This dividend is payable on July 23, 2020, to stockholders of record by the close of business on July 2, 2020.
Acme United Corporation specializes in innovative safety solutions and cutting technology across various markets, including home, office, and industrial sectors. Their notable brands include First Aid Only®, PhysiciansCare®, and Westcott®.